Core Points - The announcement details the progress of the non-public issuance of exchangeable bonds by China Aerospace Science and Technology Corporation, the controlling shareholder of China Satellite Communications Co., Ltd, which will lead to a reduction in shareholding due to stock exchanges by bondholders [1][2] - The equity change will not result in a change of the controlling shareholder or actual controller of the company [1][4] Summary of Relevant Sections Basic Information of the Equity Change - The controlling shareholder, China Aerospace Science and Technology Corporation, issued exchangeable bonds with a scale of 6.1 billion yuan, with a term of three years [2] - The exchange period for the bonds is from March 3, 2025, to August 29, 2027 [2] Details of the Equity Change - As of the announcement, the total share capital of the company is 4,224,385,412 shares, with the controlling shareholder holding 3,189,099,928 shares, representing 75.49% [3] - After the bondholders exchange shares, the controlling shareholder's direct holding will decrease to 3,156,449,883 shares, representing 74.72% [3] - The total number of shares reduced due to the exchange is 32,650,045 shares, which is 0.77% of the total share capital [2][3] Subsequent Matters - The bondholders' exchange will not trigger a mandatory bid and will not change the controlling shareholder or actual controller of the company [4]
中国卫通: 中国卫通关于控股股东非公开发行可交换公司债券换股进展暨权益变动的提示性公告
